Treasury urges banks to cut lending rates despite CBK cuts
Treasury Cabinet Secretary John Mbadi has called on commercial banks to lower lending rates in line with Central Bank of Kenya monetary policy cuts, noting that banks charge an average 14.4 per cent despite the CBK's benchmark rate falling from 13 per cent to 8.75 per cent. Mbadi argued that passing on the benefits would stimulate private sector investment and economic activity.
4 November 2026 · The Standard →